16Apr11:25 amEST

Fatherly Advice to Juno

After yesterday's gap higher above the major $62 breakout level, biotech JUNO pulled back into it this morning. 

On the hourly chart, below, we can see the multiple breakout attempts which initially failed. However, buyers did not entirely give up the ghost either, as price stayed within contention of breaking higher yet. 

Specifically, if buyers can now convert prior $62 resistance into newfound support it would obviously be a bullish development in terms of the idea of  prospective upside, sustained move from here. 

With BLUE and MACK now beyond proper entry points for swing longs, and ESPR struggling a bit under $105, JUNO is front and center for me in terms of new setups.

Also keep an eye on DATA, a name periodically mentioned in recent videos, above $101 to see if it can sustain a sound technical base breakout higher. 

Watch Duke if the Bond Crazi... Two Stocks Finding Comfort i...

 
BackToTop
 

This website is intended for educational purposes only. | © 2024 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site